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Is suv over 6000 lbs a business expense?

TL;DR

An SUV over 6,000 lbs can be a deductible business expense under certain conditions.

Detailed Answer

An SUV over 6,000 lbs may qualify for a Section 179 deduction, allowing businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. The vehicle must be used more than 50% for business purposes. If the vehicle is used less than 100% for business, the deduction is prorated. Additionally, the vehicle may also qualify for bonus depreciation. However, there are limits on the amount that can be deducted, and luxury vehicle limits may apply.

Where to Put It on the Tax Form

Report on Form 4562, Depreciation and Amortization, Part I for Section 179 deduction.

Real World Example

A real estate agent purchases a new SUV weighing over 6,000 lbs for $70,000 and uses it 80% of the time for business. They can deduct 80% of the purchase price using the Section 179 deduction, subject to the annual limit.

Calculation Required

A calculation is required for this deduction.

Calculate the business use percentage of the vehicle and apply it to the purchase price to determine the deductible amount. For example, if the vehicle is used 80% for business, multiply the purchase price by 0.80.

Audit Risk & Documentation Tips

Maintain detailed mileage logs and records of business use to substantiate the deduction. Keep purchase receipts and documentation of the vehicle's weight. Be prepared to justify the business use percentage if audited.

IRS Reference

IRS Publication 946, How to Depreciate Property; IRS Section 179 Deduction

Relevant Industries

Small BusinessReal EstateConstructionConsultants

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Disclaimer: This is for informational purposes only and should not be construed as tax or legal advice. Always consult your tax advisor.

Page created on July 15, 2025

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